Tax & Penalty6 Nov 2026, 04:52 pm
Shree Cement Receives ₹6.5 Cr GST Demand Order
AI Summary
Shree Cement Ltd has received a GST demand order from the Deputy Commissioner, State Tax, Patna. The order confirms a tax demand of ₹4,60,69,188/-, along with interest of ₹2,93,98,454/- and a penalty of ₹46,06,918/-, totaling approximately ₹8.00 Crore. The company disputes the valuation issue cited as the reason for the demand and plans to file an appeal within three months. Shree Cement stated that the order has no major financial impact on the company.
Key Highlights
- Received GST demand order from Deputy Commissioner, State Tax, Patna.
- Total demand includes tax, interest, and penalty amounting to ₹8.00 Crore.
- Company disputes the valuation issue and will file an appeal.
- No major financial impact expected on the company.
- Appeal to be filed within three months of order communication.
Price Impact
More from SHREECEM